The GBPJPY covers many losses – Analysis – 17-6-2022
Economies.com
2022-06-17 07:02AM UTC
The GBPJPY pair ended its correctional bearish rally after touching 160.00 level, to push it upwards strongly above 164.30 barrier and cover many losses that it suffered recently, touching 165.73 level.
Also, stochastic exit from the oversold areas confirms getting rid of the negative pressures to provide chances to gather the positive momentum again and start targeting the positive stations, waiting to reach 166.10 followed by 167.00 levels.
The expected trading range for today is between 163.10 and 166.00
The expected trend for today: Bullish
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